اقتباس من ويكيليكس
¶9. (C) Begin chronology.
-- On December 4 2008, Global made a $200 million payment to
WestLB. CBK helped Global sell a 15% stake in the Bank of
Bahrain and Kuwait (BBK) to the Kuwait Investment Authority,
reducing Global's stake in BBK to just over 4% to make the
payment.
-- Between December 4 and 14, CBK attempted to arrange a one
billion dollar syndicated loan for Global with Kuwaiti banks
to pay Global's obligations through first quarter 2009.
According to CBK, Kuwaiti banks were unwilling to increase
their exposure to Global to fund payments to foreign banks.
-- On December 14, CBK told Global that it would be
impossible to arrange for a $200 million repayment without
stripping the company of all of its operational assets. It
advised Global to invite its creditors to a meeting on
December 21 to seek a rescheduling.
-- On December 15 Global missed its $200 million payment to
WestLB.
-- On about December 17, Global asked HSBC (which had
arranged its global depositary receipt issue) to become its
lead advisor for dealing with international banks.
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-- On December 21, Global met with around 30 bank creditors
to request a 90 day standstill on payments, while Global
developed a rescheduling proposal. The deadline to agree to
the standstill is January 5.